Nigeria and China have inked a $3.3 billion deal for the development of the Methanol Complex and Brass Industrial Park. The Ministry of Finance made this revelation in a statement signed on Friday by Mohammed Manga, Director of Information and Public Relations. The statement claims that the deal was inked at the first China-Nigeria Economic…
To achieve security and stability, President Bola Ahmed Tinubu has urged African leaders to reject protectionism. He claims that the world’s problems with armed conflict and food insecurity can only be solved through alliances built on mutual respect, equity, and inclusivity. In his capacity as Chairman of the ECOWAS Authority of Heads of State and…
The Naira’s decline in value intensified yesterday, as the official exchange rate was N1,639.41 to the dollar. According to the Nigerian Autonomous Foreign Exchange Market (NAFEM) rate, the dollar traded for N1,606 the day before, meaning that the figure yesterday showed a staggering loss of N34. The Naira dropped N5 versus the dollar Wednesday, resulting…
The corporation made this announcement on Thursday in Abuja and stated that market forces would decide product prices in a statement signed by Olufemi Soneye, Chief Corporate Communications Officer. This comes after the Dangote Refinery started refining petrol earlier in the week. Soneye cited Adedapo Segun, NNPCL’s Executive Vice President of Downstream, NNPC Ltd., as…
Members of the National Youth Service Corps (NYSC) have received assurances from Brigadier General Yushau Ahmed, the NYSC Director General, that once civil servants start earning the recently authorised minimum wage, their monthly allowance will be doubled. The NYSC’s acting director of communications and public relations, Caroline Embu, signed an announcement claiming that Brigadier General…
In major Nigerian cities, transport costs have increased by more than fifty percent due to the most recent increase in petrol prices. The Nigerian National Petroleum Company’s (NNPCL) Retail Management has recently raised prices. Depending on the location, the new prices vary from N855 to N897 per liter, up from the previous N568–N617. Recently, prices…
Seven people were detained by Nigeria Security and Civil Defence Corps (NSCDC) agents in Ondo State on suspicion of engaging in theft, armed robbery, and illicit mining. The NSCDC spokesperson, Daniel Aidamenbor, said on Tuesday that the arrests came after a thorough intelligence operation aimed at the suspects’ illegal activities. Galadima Umaru (age 25) from…
Rivers State Governor, Siminalayi Fubara, has advised police officers in the state against abandoning their professional responsibilities to take advantage of the political crisis in the state to pursue vested political interests The governor urged them to know that the enmity they fuel and eventually create will hurt them in the long run. He advised…
Ajuri Ngelale, the President’s Special Advisor on Media and Publicity, revealed this in a statement, stating that both leaders declared the advancement of Nigeria-China relations to a comprehensive strategic partnership. According to the statement, the two decided to create a high-level Nigerian-Chinese community with a common future. “As the Chairman of ECOWAS, I am visiting…
The Nigeria Labour Congress (NLC) on Tuesday demanded an immediate reversal of the hike in fuel price announced by the Nigerian National Petroleum Company Limited (NNPCL), saying the hike has worsened the misery of Nigerians. Amid the lingering fuel scarcity in the country, the NNPCL increased the pump price of petrol from ₦568 to ₦855,…
